When questioned about the timeline for tapering being the middle of 2014, Bernanke responded with, basically, "If everything goes right and according to plan." Now, this wouldn't necessarily be construed negatively, except for his comments made just previously when he told another Congressman that there were no plans to taper quantitative easing in the foreseeable future.
Peter Schiff, CEO of Euro Pacific Capital and host of The Peter Schiff Show, notes in his most recent commentary, the Fed's candidness about the risks Quantitative Easing is injecting into the economy is unusually forthright.
It’s earth day. . . And Ransom has many ideas on how you can expand your carbon footprint in an effort to keep the planet nice a warm. Amy Ridenour, Chairman of the National Center for Public Policy Research, joined John to talk about the nature of the climate change debate.
Trust us. . . The Fundamentals are not driving this market anymore. Luckily, some people in the media seem to be catching on. Michael Schaus, filling in for John Ransom, talked with Daniel J Mitchell from Cato about the dangers of Big Government. . . And, yes, Ezra Klein is still an idiot.
I suspect most of you will reply an emphatic yes, but some of you will say no. Before I give you my take, please ponder a similar question: "Is inflation or deflation coming?"
Oil, Gold, and plenty of others are taking a dive. John talks about the influence of China, and the reason this downturn is not a shock. Robert Bryce, with the Manhattan Institute, also joined Ransom to talk about the myth of “peak oil.”
Now. . . If I could just figure out how to print my own money, I’d be happy to help Bernanke out with his QE.
What the world needs now is a good, judicious measure of normality from government. They need to pick up the trash, repair the streets, police the neighborhoods and put out fires- not start them.
The breakout headliner issue in 1978 was “Tax Revolt.” A Time Magazine cover showed Howard Jarvis shaking his fist under that headline. Proposition 13 time. Then? The Tax Revolt went, as we would now say, viral. Citizen discontent — and political activism — against high tax rates turned into a national, and then international, phenomenon.
The decision of the government in Cyprus to simply take money out of people's bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: "Can this happen here?"